{"id":11339,"date":"2021-06-30T11:00:29","date_gmt":"2021-06-30T11:00:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/30\/not-since-expo-67-pandemic-leads-to-first-travel-surplus-in-canada-in-decades\/"},"modified":"2021-06-30T11:00:29","modified_gmt":"2021-06-30T11:00:29","slug":"not-since-expo-67-pandemic-leads-to-first-travel-surplus-in-canada-in-decades","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/30\/not-since-expo-67-pandemic-leads-to-first-travel-surplus-in-canada-in-decades\/","title":{"rendered":"Not since Expo &#8217;67: pandemic leads to first travel surplus in Canada in decades"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> News <\/li>\n<li class=\"breadcrumbs__item\"> Economy <\/li>\n<\/ol>\n<\/nav>\n<p class=\"article-subtitle\"> Episode 108 of Down to Business podcast <\/p>\n<div class=\"article-meta\">\n<div class=\"published-by\">\n<p>Author of the article:<\/p>\n<p> <span class=\"published-by__author\">Gabriel Friedman<\/span> <\/div><\/div>\n<figure class=\"featured-image\"><picture class=\"featured-image__ratio featured-image-category__economy\"><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Canada hasn&#8217;t had a travel surplus since Expo &#8217;67 drew the world to our door. This photo from the 1967 world fair in Montreal shows the Canadian pavilion. <\/span> <span class=\"credit\">Photo by Photo courtesy of David Enstrom<\/span> <\/figcaption><\/figure>\n<\/div>\n<div id=\"\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>The coronavirus pandemic forced Canada to close its border with the U.S. to all but essential traffic. More than a year later, it remains closed, and the two countries experienced the pandemic in starkly different ways.<\/p>\n<p>This week on Down to Business, David Jacobson, the former U.S Ambassador to Canada from 2009 to 2013, and vice chair at BMO Financial Group, spoke about what\u2019s happening in the relationship between Canada and its largest trading partner, the U.S.<\/p>\n<p>The border closure has definitely had economic impacts, Jacobson said, but not all the impacts can be measured. Some impacts have been unexpected: For instance, more Canadians vacation in the U.S. than vice versa, and so closing the border may actually have created positive effects on the Canadian economy.<\/p>\n<p>All the same, he said that cutting off traffic for so long is having an incalculable impact on many businesses\u2019 efficiency. We also talked about what lies ahead as new U.S. President Joe Biden ditches Trump\u2019s trade tariffs, and enacts new policies like President \u2018Buy American,\u2019 designed to ensure that government contracts are awarded to domestic businesses. As always the interview was edited for clarity and brevity.<\/p>\n<\/p><\/div>\n\n<br \/>Not since Expo &#8217;67: pandemic leads to first travel surplus in Canada in decades<\/a><br \/>\n<br \/>2021-06-30 11:00:29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Episode 108 of Down to Business podcast Author of the article: Gabriel Friedman Canada hasn&#8217;t had a travel surplus since Expo &#8217;67 drew the world&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.prod.postmedia.digital\/financialpost\/wp-content\/uploads\/2021\/06\/expo67.jpg?quality=90&strip=all&w=288","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-11339","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=11339"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11340"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}